Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-06-02

Buckle (BKE)

Fiscal year 2025 executive and director compensation, incentive-plan design, equity activity, and governance — every figure in this brief is traceable to its exact location in the company’s SEC filing — the document, the section, the page, and the table, linked directly.

$11,706,282
Dennis Nelson total, FY2025
CEO pay percentile vs peers
CEO-to-median pay ratio
96.59%
Say-on-pay support, latest vote
Companies that benchmark against BKE
9 companies name BKE as a compensation peer

Each company listed discloses BKE in its own benchmarking peer group, as disclosed in each company's most recent proxy statement within the last two proxy seasons. Two companies are therefore absent by design: one that named BKE in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.

01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Dennis Nelson$1,300,000$4,503,597$5,713,200$0$0$0$189,485$11,706,282
President and CEO
Kari Smith690,0001,156,329942,67800048,1352,837,142
Executive Vice President of Stores
Brett Milkie670,0001,065,040876,02400046,2292,657,293
Senior Vice President of Leasing
Thomas Heacock635,0001,065,040876,02400066,2262,642,290
Senior Vice President of Finance and CFO
Michelle Hoffman494,000882,462666,54000038,4642,081,466
Senior Vice President of Sales

A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.

Three-year trend — total compensation per named executive

Named executive officerFY2025 totalFY2024 totalFY2023 totalΔ FY20242025
Dennis Nelson$11,706,282$8,817,953$9,825,399+2,888,329
Kari Smith2,837,1422,173,9752,344,260+663,167
Brett Milkie2,657,2932,042,3992,185,125+614,894
Thomas Heacock2,642,2902,034,8292,181,648+607,461
Michelle Hoffman2,081,4661,586,933+494,533

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

02

Equity transactions since the proxy statement was filed

No insider equity transactions reported since the proxy statement.

06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-06-0142,971,8641,516,777116,68796.59%Passed

Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year's compensation.

Say-on-pay — history, company's computation

Meeting yearMeeting dateApproval — company's computation
20262026-06-0196.59%a

a. Approved under the standard stated in the filing — “Abstentions and broker non-votes will not be counted as votes cast in determining the number of votes required for approval.”.

Approval percentages are the company's own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.

09

Board fee structure and ownership guideline

Annual cash retainer$60,000
Annual equity retainer$142,830
Per board meeting fee
Committee chair fees (audit / comp / nom-gov)
Stock ownership guideline$10,000
10b

Chief executive pay against the peer group

Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company's own proxy statement.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1Buckle2025Dennis Nelson$1,300,000$5,713,200$0$0$11,706,282

Each peer's compensation is from its most recently filed proxy; fiscal years differ by company. Each peer's figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.

11

Source register

Each figure's location is given both for the eye (section · page · table · row · column) and for a script (table/row/column index and exact character span in the filed document). Any figure can be independently confirmed against the source.

#SupportsDocumentFiledAccessionLocation in document
1Section 01, Dennis NelsonDEF 14A2026-04-220000885245-26-000016Section “Executive Compensation”. As printed: 11,706,282. Filing ↗machine: r4 · c54 · span 327971–327981
2Section 01, Kari SmithDEF 14A2026-04-220000885245-26-000016Section “Executive Compensation”. As printed: 2,837,142. Filing ↗machine: r12 · c54 · span 353070–353079
3Section 01, Brett MilkieDEF 14A2026-04-220000885245-26-000016Section “Executive Compensation”. As printed: 2,657,293. Filing ↗machine: r16 · c54 · span 365615–365624
4Section 01, Thomas HeacockDEF 14A2026-04-220000885245-26-000016Section “Executive Compensation”. As printed: 2,642,290. Filing ↗machine: r8 · c54 · span 340516–340525
5Section 01, Michelle HoffmanDEF 14A2026-04-220000885245-26-000016Section “Executive Compensation”. As printed: 2,081,466. Filing ↗machine: r20 · c54 · span 378164–378173
6Section 06, 2026 voteForm 8-K2026-06-020000885245-26-000027Item 5.07 · say-on-pay result. As reported: 96.59% (votes for as printed: 42,971,864). Filing ↗
7Section 01 trend, Δ column (computed)ComputedcomputedΔ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
8Buckle (subject), Section 10b CEO totalDEF 14A2026-04-220000885245-26-000016CEO total compensation as printed in Buckle's own proxy. As printed: 11,706,282. Filing ↗machine: r4 · c54 · span 327971–327981